Nigerian bourse ended the last trading session on a bearish note. The All Share Index dropped by, 0.86% to close at 35,037.46 points as against the +6.23% gain recorded yesterday.
- Nigerian Stock Exchange capitalization presently stands at N18.3 Trillion. The year to date while the Year-to-Date (YTD) returns stood at +27.72%.
- Nigerian Stock Exchange trading turnover spiked up by +4.27% as against the +39.00% uptick recorded on Thursday.
- TRANSCORP , ZENITHBANK, and ACCESS were the most active to boost market turnover.
- Market breadth closed negative as BOCGAS led 26 Gainers as against 38 Losers topped by FCMB at the end of today’s session – an unimproved performance when compared with the previous outlook.
- AIRTELAFRI up 9.99% to close at N489.9
- FIDSON up 9.93% to close at N5.98
- PZ up 9.52% to close at N5.75
- BUACEMENT up 1.66% to close at N52
- DANGSUGAR up 3.98% to close at N22.2
- ARDOVA down 9.76% to close at N14.8
- GUINNESS down 8.64% to close at N20.1
- GUARANTY down 4.71% to close at N36.4
- MTNN down 4.32% to close at N155
- ZENITHBANK down 3.55% to close at N27.15
Today’s Stock Bears spoilt Nigeria’s Stock bulls party at the last trading session amid falling crude oil prices prevailing at the commodities market.
Selling pressure from top blue-chip stocks like MTN Nigeria, GTBank, Zenith Bank neutralized impressive gains seen in Airtel Africa amid high market liquidity.
- Nairametrics envisage cautious buying, as profit-taking seems to be coming into play amid impressive gains recorded in the past few weeks.
Bears take hold of the NSE Banking index
The NSE Banking Index finished red with a loss of -0.52%.
The NSE Banking Index traded bearish at the end of the trading session today. 6 banks posted Gains and 4 Losses were recorded. The NSE Banking Index finished red with a loss of -0.52% adding to the -0.97% held in the previous trading session. The index dropped to 343.03 index points at the close of trading activities today.
Sterling Bank posted a substantial loss of -9.76% adding to the -0.61% held at the previous trading session pushing the price downwards from N1.70 to N1.49 and leading the top losers in the NSE Banking index.
Zenith Bank also saw another loss of -1.38% adding to the -0.91% held in the previous session pushing the price from N22.00 to N21.80.
Jaiz Bank lost some profit from the +6.67% held in the previous trading session by posting a loss of -1.56% settling the price at N0.63.
Fidelity Bank broke the stalemate held at the previous trading session to post a loss of -2.83% settling the price at N2.39 from N2.47.
Union Bank posted profits of +2.20% to settle the price at N4.65.
UBA also made gains of +2.21% pushing the price downwards to N6.95 from N6.80.
Wema Bank recovered from the decline in the previous session to post gains of (+1.79%) pushing the price to N0.58 from N0.55.
GT Bank also posted a profit of +1.39% moving price from 28.75 to N29.15.
Access Bank made a decisive move from its stalemate position with gains of +0.66% settling the price at N7.60.
Ecobank made profits of (+1.04%) settling the price at N4.90.
- Market sentiment trends towards recovery as 6 companies in the NSE Banking Index made gains as opposed to 4 losses at the end of the trading session today.
- Nairametrics advises cautious participation in the market amid growing uncertainties in Nigeria.
Nigerian stocks make recovery as JAPAULGOLD drops
The All-Share Index increased by +0.61% to close at 38,808.01 from 38,571.89 index points.
The Nigerian Stock Exchange market made a recovery at the end of the trading session. The All-Share Index increased by +0.61% to close at 38,808.01 from 38,571.89 index points. CHAMS made the top position on the Gainers list.
- Nigerian Stock Exchange market value currently stands at NGN 20.32 trillion. Its Year-to-Date (YTD) returns currently stands at -3.63%.
- The market closed in loss as it saw more downturns, CHAMS led 21 Gainers, and JAPAULGOLD topped the 12 Losers chart with a noticeable bullish movement by the NSE ASI.
- CHAMS up +10.00% to close at N0.22
- UAC-POP up +9.72% to close at N0.76
- GUINNESS up +9.26% to close at N31.85
- NNFM up +9.18% to close at N5.35
- PZ up +8.33% to close at N4.50
- JAPAULGOLD down -10.00% to close at N0.63
- STERLNBANK down -9.78% to close at N1.48
- FCMB down -8.90% to close at N2.66
- MBENEFIT down -8.11% to close at N0.34
- ACCESS down -6.17% to close at N7.60
The NSE ASI saw a bullish recovery from the previous day loss. Predictions of the dominance of consumer goods were affirmed with the presence of GUINNESS and PZ in the top 5 Gainers list.
However, the following stocks remain on our watchlist: Zenith Bank Plc, Guaranty, Access bank, STANBIC, JAPAULGOLD, GUINNESS and Flour Mills.
- Nairametrics, however, advises cautious participation in the stock market in this era of growing uncertainties.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
- UACN Property Development Company Plc appoints Ojo Odunayo as new CEO.
- Unilever Nigeria Plc reports a loss of N492 million in Q1 2021.
- Nigerian Breweries publishes names of over 100,000 shareholders who are yet to claim their dividends.
- 2020 FY Results: Sovereign Trust Insurance Plc records a 37% increase in profit after tax.
- CSCS Plc posts profit after tax of N6.93 billion in FY 2020